Business Card Face Off: Capital One Spark Miles Vs. Ink Business Preferred  0

Looking for a new business rewards credit card? There are several very popular options you may be considering, including the Capital One Spark Miles card (learn more) and the Ink Business Preferred Card. If you’ve narrowed your choices down to these two, here are the various aspects of each that you’ll want to consider.

The Early Spend Bonus

The Capital One card’s early spend bonus will give you 200,000 Capital One miles.

  • Earn 50,000 miles when you spend $5,000 in the first three months
  • Earn 150,000 more miles when you spend $50,000 in the first six months

The 200,000 miles from the early spend bonus translates into almost $3,000 in travel miles.

For the Ink Business Preferred℠ Credit Card, you receive 80,000 Ultimate Rewards points after you spend $5,000 in the first three months. That’s worth about $1,000 if you redeem your points via the Chase Ultimate Rewards portal for travel.

You can earn more with both cards when you transfer your points to the various programs’ travel partners.

Obviously the Capital One Spark Miles card gives you a better value, if you can meet the high spend requirement.

Annual Fees

Of course, you do have to consider the annual fees.

Capital One has a $95 annual fee that’s waived for the first year.

The Ink Business Preferred℠ Credit Card has a $95 annual fee as well, but it’s not waived.

Earning Potential

The Capital One Spark Miles card gives you unlimited 2 points on every $1 spent on every purchase, that can be redeemed as miles.

The Ink Business Preferred Card gives you 3 Ultimate Rewards points per $1 spent on travel, shipping, internet and phone services and social media advertising. This earning potential is capped at the first $150,000 spent.

You earn 1 point per $1 on everything else. After reaching the cap, you earn 1 point per $1 spent on the above categories as well.

If you think you’ll spend mostly on the categories above, and spend under $150,000, then there’s no reason you shouldn’t go with the Ink Business Preferred.

If, however, you don’t spend in those categories, or you spend well above and beyond $150,000, you will want to go with the Capital One Spark Miles card.

Redemption

With the Capital One Spark Miles card, you redeem your points/miles on travel statement credits or future award travel. Miles transfer over to a variety of new airline partners and you’ll get more value when you transfer.

These airline partners include…

  • Aeromexico
  • Air Canada Aeroplan
  • Air France/KLM
  • Alitalia
  • Avianca
  • Cathay Pacific
  • Emirates Skywards
  • Etihad
  • EVA
  • Finnair
  • Hainan
  • Qantas
  • Qatar
  • Singapore KrisFlyer

Emirates and Singapore allow miles transfers at a 2:1 ratio. All other airlines transfer at a 2:1.5 ratio.

With the Ink Business Preferred, you can redeem your points for award travel, cash rewards, point transfers and gift cards. Ink Business Preferred offers far more transfer partners and it’s not only airline partners, it’s hotels as well. If your end game is to redeem your points for travel, you’d do well to get the Ink Business Preferred card.

Additional Benefits and Perks

With the Capital One Spark Miles card, you can also get…

  • Secondary rental car collision damage waiver protection
  • No foreign transaction fees
  • Extended warranty protection for purchases made on the card

With the Ink Business Preferred Card, you can also get…

  • Primary rental car collision damage waiver protection
  • Cell phone protection
  • Trip cancellation and protection insurance
  • Extended warranty protection for purchases made on the card
  • No foreign transaction fees

Which is Better for You?

The Capital One Spark Miles card (read more) is better for some business owners. This is the case if you know you don’t spend a lot in the Ink Business Preferred Credit Card 3X earning categories, if you want to avoid the annual fee and if you think you can reach the $50,000 spending requirements for the early spend bonus.

The Chase Ink Business Preferred card is better for business owners who do spend a lot within the 3X earning categories, who travel frequently and who need more redemption options.

Leave a Reply

Your email address will not be published. Required fields are marked *